Article source
Financial Times
Article date
Thu, Sep 28, 2017
After the collapse of the commodity boom, South America suffered a long, hard and deep slowdown. But now growth is coming back. It may even be stepping up a gear.
In Brazil, falling inflation and a steep drop in interest rates has helped expand consumption. Colombia is enjoying the same. In Argentina, fiscal pump priming ahead of October’s crucial midterm elections is helping to goose activity. Temporary factors that weighed on growth in Chile (a mining strike) and Peru (floods) have also passed. According to Capital Economics, its GDP tracker for Latin America is now expanding at a three-year high of 3 per cent. Bring it on!